The Pros and Cons of Building New Vs. Renovating

The Pros and Cons of Building New Vs. Renovating

  • Gary Mooers
  • 07/12/21

When you’re considering laying down new roots in Hawaii, it’s not easy to decide whether to build a new home or renovate an old one: there are a number of potential difficulties that will need to be contended with in either scenario, not to mention a wide array of benefits to be considered. Today we’d like to explore some of the inherent positives and negatives to each process to help you decide what’s best for you and yours – let’s get started!

Building a new home

Building a new home affords one the opportunity to truly start from scratch and bring a unique design to life – from its architectural style all the way to the finishing. Building a custom home allows for your imagination to truly run wild: ever dreamed of designing your own custom floorplan and layout, complete with big bay windows to drink in all of that glorious Maui sun? Then rolling up your sleeves and building from the ground up might just be the choice for you!

The downsides of building a brand-new home may involve both the total costs of construction and the sheer number of decisions needing to be made throughout the process. Although constructing a home can sometimes be more cost-effective than renovating, this is typically reserved for those circumstances in which renovating a home would incur so much work and cost as to render it untenable. Most of the time, buying a plot of land and constructing a brand-new home will be the more-expensive option. Furthermore, woe be the potential new homeowner who is unprepared for the amount of work that goes into designing your own home! It’s not something to be taken lightly: from permits and regulations all the way to deciding on a floorplan and materials, choosing to build a new house will leave you firmly in the driver’s seat at all times, for better or for worse. 

Renovating an existing home

Renovating your home is typically a much faster process than building new and can often be the more affordable choice. A home remodel can include anything from a single-room makeover to a complete interior redesign, depending on your purposes. This option can appeal to those homeowners that wish to maintain the location and overall structure of their home, or who might be otherwise unable to move or afford what may be the more-costly process of building from the ground up. 

On the other hand, renovations will also require a number of considerations to ensure that your plans go off without a hitch. It’s imperative to consider the scope of your plans when deciding whether or not to renovate, and if you and your ‘Ohana will have to relocate during the process in order for work to be completed. Depending on the scope of the work at hand, you may have to put up with contractors and other professionals constantly moving throughout the home, which may make day-to-day life difficult. 

No matter if you’re looking for the perfect plot of land to start construction on your dream home or looking for a place to redesign to your heart’s content, the GM Maui Team has you covered. Get in touch and we’ll help you get started on making Maui your brand-new home!

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